FMR LLC & Abigail Johnson Trim GEO Group Stake to 4.015%
Ticker: GEO · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 923796
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**FMR LLC and Abigail Johnson still own 4.015% of GEO Group, showing continued institutional interest.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in GEO GROUP INC, a company specializing in correctional and detention facilities. As of February 9, 2024, they collectively beneficially own 5,063,122 shares of common stock, representing 4.015% of the company. This is an amendment to a previous filing, indicating a slight adjustment in their holdings, which matters to investors as it shows a significant institutional investor maintains a substantial, though slightly reduced, position in the company.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, still hold a significant stake in GEO Group, which can influence investor confidence and stock stability.
Risk Assessment
Risk Level: low — This filing indicates a stable, albeit slightly adjusted, institutional ownership, which generally reduces volatility risk.
Analyst Insight
Investors should note that a major institutional holder, FMR LLC, continues to hold a substantial position in GEO Group, which could signal long-term confidence or at least a strategic holding. While the percentage is slightly adjusted, it's not a full divestment, suggesting continued monitoring of this stock by a sophisticated investor.
Key Numbers
- 5,063,122 — Shares Beneficially Owned (Total common stock shares owned by FMR LLC and Abigail P. Johnson in GEO GROUP INC)
- 4.015% — Percent of Class (The percentage of GEO GROUP INC's common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 0000315066-24-001187 — Accession Number (Unique identifier for this specific SEC filing)
- 20240209 — Filed As Of Date (The date this SC 13G/A amendment was filed with the SEC)
- 36162J106 — CUSIP Number (Unique identification number for GEO GROUP INC's common stock)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- GEO GROUP INC (company) — the issuer of the securities
- Boca Raton, FL (company) — location of GEO Group's principal executive offices
- Boston, MA (company) — location of FMR LLC's principal business office
Forward-Looking Statements
- FMR LLC will maintain a significant, albeit potentially fluctuating, stake in GEO GROUP INC over the next year. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of shares of GEO GROUP INC common stock beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson beneficially own a total of 5,063,122 shares of GEO GROUP INC common stock, as indicated in Item 7 and Item 4(a) of the filing.
What percentage of GEO GROUP INC's common stock does FMR LLC and Abigail P. Johnson collectively own?
They collectively own 4.015% of the class of GEO GROUP INC's common stock, as detailed in Item 11 and Item 4(b) of the filing.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for GEO GROUP INC's common stock is 36162J106, as listed in the filing.
Where are the principal executive offices of GEO GROUP INC located?
GEO GROUP INC's principal executive offices are located at 4955 Technology Way, Boca Raton, FL 33431 US, according to Item 1(b) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding GEO GROUP INC (GEO).